The European Bank of Reconstruction and Development (EBRD), a UK-based funder of institutions that support micro- and small businesses, recently disbursed EUR 4 million (USD 5.18 million) to MF Banka, a subsidiary bank of Bosnian and Herzegovinian microfinance institution (MFI) Mikrofin.
Category: Eastern Europe and Central Asia
MICROCAPITAL BRIEF: Absolute Portfolio Management Dual Return Fund Loans $8m to Microfinance Institutions in Azerbaijan, Cambodia, Ecuador, Indonesia, Kazakhstan, Tajikistan
Absolute Portfolio Management GmbH (APM), an Austrian investment company that specializes in microfinance, recently disbursed loans to unspecified microfinance institutions (MFIs) in Asia, Eastern Europe and South America.
MICROCAPITAL BRIEF: Credins Leasing of Albania Borrows €1.5m ($1.97m) from European Bank of Reconstruction and Development
Credins Leasing, a holding of Credins Bank of Albania that provides funding to individuals for vehicles and equipment, recently borrowed EUR 1.5 million (USD 1.97 million) from the European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution that provides funding to support micro- and small businesses in Eastern Europe, Central Asia and the Southern and Eastern Mediterranean region.
MICROCAPITAL BRIEF: Banking Production Centre (BPC) Releases Electronic Payment System “SmartVista for Microfinance”
Banking Production Centre (BPC) Banking Technologies, a mobile technology solutions provider with offices in Asia, Europe, Latin America and Russia, has released SmartVista for Microfinance, an electronic payment solution specifically for microfinance institutions (MFIs).
MICROCAPITAL BRIEF: Incofin Rural Impulse Fund II Completes Equity Investment in Microfinance Institution Azercredit of Azerbaijan, Volksvermogen Raises Stake to 10% in ProEmpresa of Peru
The Incofin Rural Impulse Fund II (RIF II), a microfinance investment vehicle (MIV) that mobilizes capital for rural microfinance institutions (MFIs), recently completed an equity investment of an undisclosed amount in Azercredit, an Azerbaijani MFI.
MICROCAPITAL BRIEF: ResponsAbility Invests $1.7m in Russian Microfinance Institution Forus Bank
ResponsAbility Social Investments, a Swiss investment company, recently disbursed approximately USD 1.7 million in debt to Russian microfinance institution (MFI) Forus Bank.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Loans $10m to Microfinance Institution AccessBank of Azerbaijan
The European Bank for Reconstruction and Development (EBRD), a London-based international finance institution, recently signed a five-year, USD 10 million loan agreement with AccessBank, an Azerbaijani microfinance institution (MFI).
MICROCAPITAL BRIEF: Hypo Alpe Adria Group, ResponsAbility Social Investments AG Approve Loans Totaling $7m to Microcredit Foundation Prizma of Bosnia and Herzegovina
Hypo Alpe Adria Group, a state-owned Austrian financial group, and ResponsAbility Social Investments, a Swiss investment organization founded in 2003, approved loans of BAM 5 million (USD 3.2 million) and EUR 3 million (USD 3.7 million), respectively, to Microcredit Foundation Prizma, a microcredit organization operating in rural Bosnia and Herzegovina. The funds will be used to expand Prizma’s operations.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development (EBRD) Extends Credit Line to Turkey’s Vakiflar Bankasi (Vakifbank) Worth $25m
European Bank for Reconstruction and Development (EBRD), a UK-based development finance institution established in 1991, has funded small and medium-scale agribusiness in Turkey with a credit line for Turkiye Vakiflar Bankasi (Vakifbank) in Turkish lira (TRL) equivalent to USD 24.7 million.
MICROCAPITAL BRIEF: European Fund for Southeast Europe (EFSE) Loans $10m to ProCredit Bank of Georgia
European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) investing in 16 countries in Europe and Asia, has reported to MicroCapital that it has loaned USD 10 million to ProCredit Bank of Georgia, a bank serving Georgian small and medium-sized enterprises (SMEs).
MICROCAPITAL BRIEF: responsAbility Loans $7.8m to ProCredit Moldova, $1.2m to Noa of Albania
In June, responsAbility Social Investments AG, a Swiss investment company, made debt investments totaling USD 7.8 million in ProCredit Moldova, a subsidiary of Germany’s ProCredit Group. As of 2011, ProCredit Moldova has assets totaling USD 150 million, USD 117 million in loans outstanding, return on equity of 8.8 percent and USD 43.6 million customer deposits.
MICROFINANCE EVENT: Opal Financial Group Presents “European Alternative & Institutional Investing Summit,” October 1-3, 2012, Le Meridien Beach Plaza, Monte Carlo, Monaco
Event Name: European Alternative & Institutional Investing Summit
MICROCAPITAL BRIEF: KfW Loans $30m to Microfinance Institution AccessBank of Azerbaijan
Kreditanstalt für Wiederaufbau Entwicklungsbank (KfW), a state-owned development bank in Germany, has agreed to disburse a loan of USD 30 million to AccessBank, a microfinance institution (MFI) based in Azerbaijan.
MICROCAPITAL BRIEF: Parliament Votes for Tougher Regulation of Microcredit Organizations in Kazakhstan
While details remain sparse, the Majilis, the lower house of the Parliament of Kazakhstan, recently passed a new bill regulating microfinance institutions (MFIs) that is intended to protect the rights of the borrowers.
MICROCAPITAL BRIEF: Mongolia: International Finance Corporation (IFC) Capitalization Fund Invests $40m in Microfinance Institution XacBank
The International Finance Corporation (IFC) Capitalization Fund, a fund managed by the private-investment arm of the World Bank Group, recently announced it will invest a total of USD 40 million in XacBank, a Mongolian community development microfinance institution (MFI) [1].
MICROCAPITAL BRIEF: “Plus” of Bosnia and Herzegovina to Offer Debt Counseling Services, Financial Education to Microfinance Clients in Sarajevo
Formerly known as the Centre for Financial and Credit Counselling, the Association for Responsible Personal Finance Management, a nonprofit debt counseling organization also known as “Plus”, has recently opened an office in Sarajevo, Bosnia and Herzegovina.
MICROCAPITAL BRIEF: European Bank for Reconstruction and Development Loans $10m to Partner Microcredit Foundation of Bosnia and Herzegovina
The European Bank for Reconstruction and Development (EBRD), a development finance institution headquartered in London, has agreed to disburse a loan to Partner Microcredit Foundation (Partner MCF), a microcredit organization based in Bosnia and Herzegovina, in the amount of EUR 8 million (USD 9.8 million).
MICROCAPITAL BRIEF: IFC, EFSE Loan $49m total to Fibabanka AS of Turkey for Women-Owned Businesses
The International Finance Corporation (IFC), a member of the World Bank Group, and European Fund for Southeast Europe (EFSE), a microfinance investment vehicle (MIV) based in Luxembourg, have agreed to disburse loans totaling the equivalence USD 48.9 million to Fibabanka AS, a Turkish investment bank.